>> hello and welcome to live from paris. it is 1:00 in the french capital. let's take a look at what is making headlines this hour. french carmaker renault set to make after the rift with carlos ghosn. the businessman being accused of financial misconduct. againfighting breaks out in the yemen city of the data, despite the saudi-led coalition

of huthi rebels agreeing to a holding the offensive. removesays it will listings in the west bank. we look at the latest from our jerusalem correspondent. first, our top story. shockwaves are being felt in the auto industry after the arrest head of theosn, the world's biggest auto line bringing together renault, nissan, mitsubishi. authorities have rated the headquarters in tokyo. renault says the only making tuesday to decide what to do next.

it is an alliance that hangs in the ballots. the world's largest in the auto industry. the partnership a renault, nissan, mitsubishi was run by carlos ghosn. says they in specie will be removing him as chairman. renault, which has a 15% share in the company says an interim leader needs to be nominated. ghosn remains in custody. >> he is no longer in position to run the group that we will not ask whether formal departure of mr. ghosn from the board for a simple reason that we have no proof. we upon by the rule of law. larger-than-life figure in the auto industry, ghosn has been credited with bringing the sun back from the brink. he is accused of misusing company funds and underreporting his earnings by tens of millions of euros. stopped for all three automakers tumbled. the japanese government said it was focusing on the future of the alliance and bracing for an economic fallout.

we recognize regardless of this arrest, it's important than the-renault, mitsubishi alliance must remain stable. as for the future of the allianance, we hope thisis wille discussed conructively until all parties agree. >> carlos ghosn was the driving force behind the cooperation between the three brands which saved them almost 6 billion euros a year through cost-sharing. but the consolidation behind ghosn is now being questioned as carmakers consider a future without him. on, one person has died and dozens of others injured after a landslide the realty commuter train traveling toward a town in spain. six cars came off the tracks at 6:15 a.m. local time. this was 45 kilometers northwest of barcelona. couldrain in the area

have caused a landslide, they say. british prime minister theresa may will be traveling to brussels wednesday evening to meet european commission president jean-claude juncker. this is part of ongoing talks on ongoing ties with the eu after brexit. in the meantime, spain says it will vote against the draft agreement if it includes text about gibraltar not changed. we have a big story of the day in europe. italy has ordered the seizure of the migrant rescue ship aquarius for illegal waste treatment. the ship is being chartered by reporters without borders. they say their italian bank

accounts have also been blocked by authorities. italian media is reporting investigators suspect the vessel currently stuck in the french port of marseilles passed up 24 tons of potentially toxic waste as ordinary waste. to yemen now, where fighting has broken out in the yemeni city of an agreementespite to hold an offensive. they were more bombs after rebels and pro-government troops agreed to stop. earlier we spoke to our international affairs editor about the latest developments. >> we understand the coalition forces have come a little bit closer to the port. y are a few kilometers away.

there have been airstrikes on the positions. 70% of yemen supplies go through the port there. food, water, fuel, and medicine. this is also part of a bigger struggle of influence between saudi arabia and iran. because the saudi's accuse iran of smuggling weapons through the port to help the huthi rebels. that is something the huthi rebels deny. saudi arabia has other concerns as well,, the huthi population next to the pocket saudi border, and a shiite population in the south of saudi arabia. saudi arabia is worried about what that might mean if the huthis control large current data chunks of territory. also broader questions about iranian influence in the waters here off the coast of yemen. that is something that worries

many countries including the u.s., which is why they continue to back the saudi coalition in the war in yemen. so there are broader issues around hodeida as well. is all happening as there are attempts to resume peace talks. what impact will this have on the process as a result? >> it's a classic dynamic, one that we have seen in many conflicts, two sides intensifying attacks as an attempt to get diplomatic leverage just before peace talks. that happened in geneva repeatedly when it came to the syrian crisis. the question is will they take on their own spiral and go out of control, or will the humanitarian catastrophe focus minds and get those two sides to stockholm at the end of the month? they will be aware of what the u.n. has set about this that 12 million

yemenis are just one step from famine, and two thirds of the population are already dependent on food aid. that 12 million yemenis are just oneseveral thos officially have been killed, according to the u.n. panel. real figure might be a lot higher, as the u.n. admits. hodeida unveiled, these fledgling peace moves, then both sides will be held responsible for the impending catastrophe. >> staying in the middle east, fury in israel after airbnb says it will remove listings from the west bank. the company says it will take down some 200 listings and sees operations in israeli settlements that are at the core of the dispute between israel and the palestinians. in response, the israeli minister who oversees the countries battle against the palestinian boycott movement has called on airbnb to file

lawsuits in accordance with the countries anti-boycott law. from our reporter in jerusalem. much anger over this announcement. what exactly have they been saying? >> yes, there is anger. let's start with the settlers council, the people most affected. they run the jewish settlements in the west bank and speak on its behalf. a call this decision discriminatory, they say airbnb, which is meant to be for everyone, is singling out jewish homes in the west bank. while it is quite happy to have homes and other areas that also don't respect human rights or other dictatorships. they say it is giving into either anti-semitism or terrorism. as we go further, the politicians are angry, too.

the tourism minister calls on airbnb to walk it back. he says he is threatening to take action against airbnb inside israel, a kind of counter boycott. so you see calls from the politicians to airbnb to simply change their minds. >> is this a sign that the international boycott movement is starting to actually gain success? >> i think that is actually what is it high in the area we are seeing, the e fury and the fear thatat bds is gaining traction. this only affects on 200 homes. airbnb is incredibly popular inside israel. you wouldn't think it would necessarily merit this unless there was something greater. we have seen bds having great success. planneds have concerts and people have bought tickets, and then the bds group affects

them, and they don't come. we have seen human rights watch said in an announcement this morning that they had lobbied airbnb to reach this decision. it is not just an imaginary thought that bds is behind it. that is worrying for israeli politicians. >> thank you. in other news, an american judge has temporarily blocked an order by president donald trump that bars us on them for immigrants to enter the country illegally from mexico. courtroom to feed for his immigration policy. in the meantime, officials briefly closed the courtroom tos busiest border crossing from mexico on monday in order to beef up security. it was part by some concerns that some of the thousands of central american migrants currently on the mexican side could try to rush the crossing. this as the accident border city

of tijuana saw protests over the weekend from hundreds of residents over the presence of migrants there. >> a bottleneck in one of the world's busiest border checkpoints. the u.s. temporarily closed the sand as crossing in san diego in order to beef up security with barb wire and d concrerete barricades as thousands of central american migrants arrive in the border city of tijuana. despite the extra traffic, some locals say they understand the move. it is necessary to increase security is s our salvadoran and honduran brothers do not enter legally. i do understand their needs but there is always a way to do things correctly. to local officials crown 6000 migrants are currently in tijuana and nearby mexicali, most of them staying in makeshift shelters. one may hope to enter the u.s., customs officials are processing just 100 a silent claims a day,

leaving migrants little to do then wait. their presence has upset some locals, hosting mexican flags and chanting anti-american slogans. hundreds protested in tijuana sunday. their presence has upset some locals, hosting mexican flags it didn't go unnoticed by migrants. >> we had a march of people from mexico who are against us, people who do not want us, wanted to remove us frfr here. the truth isis it scared me. i felt really scared. new groupsit didn't go unnoticy migrants. of central american migrants are currently making their way north. 10,000 are expected in tijuana in the coming weeks. >> another shooting in the states with a doctor, a newly graduated pharmacist assistant, and police officer killed, after a gunman opened fire in a hospital in chicago. the gunman was seen are gay with the hospipital he had been n ina relationonship with, before

shooting her and turning the gun on others. the attacker also died. it's not clear if he took his own life but was -- or was killed by police at mercy hospital. guatemalan authorities have 4000 people monday after a volcano erupted for the fifth time this year. nearly 200on left people dead and 235 others missing. >> villagers evacuated after the irruption of guatemala's fuego volcano. they are expected to return tuesday. with the help of local authorities, many gathered at a soccer fieie to ride out the dangnger. > when you see the volcano at like that, you have to o find a way to get out a as fast as you can. for many, the explosion brought back bad memories. in junelast irruption

killed 200 people and left another 235 missing. it started with smoke and around 7:00 at night it really started thundering and then spewing fire and the love all over the place. alwaysys thundndering. that sound can really scare a person, scare a community. f fuego, one of t the most acte volcanoes in the world, erupted late sunday night, shooting red hot rock -- into the sky. fuego has not corrupt it five times this year alone. erupted five times this year alone. >> french carmaker renault is set to meet after the shocker arrest of carlos ghosn. the businessman accused of

financial misconduct. also, fighting breaks out in yemen despite the saudi led military coalition and huthi rebels agreeing to a halt offensive. as we saw earlier, fury in israel after airbnb says it will remove listings in the west bank. for more on the arrest of the ceo i read no, i'm joining studio by our business editor steve carell. looking at the market reaction to this story today. the first opportunity the japanese markets had the chance to react to the story that mr. ghosn was arrested for financial misconduct, the chairman of nissan and mitsubishi, as well as renault. this was the reaction we saw in japanese markets for nissan and mitsubishi. both seeing significant falls. here in paris, renaud shares continue to slide, down 8%

yesterday, another 2.5% fall in the markets. investors still digesting the movements in the story. meeting board will be today to discuss the actions they will be taking, this after mitsubishi and nissan said thehy wantnted to remove ghosn as chairman. let's speak to catherine who is there. one is likely to be discussed at this board meeting later? the board will be discussing whether or not to remove carlos ghosn as chairman and chief executive of rhino, and whether they will follow the move of nissan and mitsubishi who are seeking to remove him as chairman. they will be meeting tonight, discussing also who they will put in place as s interim head f the group. the french government has come out, the french finance minister bruno le maire says that carlos

ghosn is not in a position to continue leading the group. the french estate owns a 50% stake in the renault group, so obviously a powerful voice. a memo sent around to employees at renault after this scandal broke out, with the senior executive saying they were giving full support to carlos ghosn for the time being. while the allegations are being investigated in japan. but his position looks perilous to say the least with share prices falling in renault on monday and in the early sessions tuesday. >> what does the scandal around carlos ghosn mean for renault? of course an important company here in france, but also its alliance with the sun and mitsubishi. >> the implications of the scandal could be huge because renault-nissan-mitsubishi

alliance made it the most powerful carmaker in the world. it has been no secret there have been some rumblings among japanese executives that renault was taking up too much of the alliance's fifinances. indeed, carlos ghosn said he wanted to consolidate the alliance, to go forward with an ever greater union. that had been causing some unrest on the japanese side. people talking about whether behind the scenes of this whole scandal, if this is not more of a boardroom coup. going forward, we know nissan and mitsubishi are seeking to remove carlos ghosn. the chief executive of nissan sought to distance himself in no uncertain terms in the press conference yesterday saying too much governance had been placed in the hands of one person. the question is whether this will shake of the balance of

power in the alliance. here in france, renault executives say they are keen to reserve an industrial gem. we will see what happens in france and japan about the future of the alliance. >> thank you for that, catherine. we are staying with that story. we have been hearing from the ceo of mitsubishi motors. saying it would be difficult to manage that an alliance with the nissan and renault without carlos ghosn. the board of mitsubishi set to meet next week to discuss his departure. in on what is happening with the rest of the stock market. continuing to see a selloff in the technology set her. london holding onto the flat line. paris and frankfurt in the red, this as selloffs sparked on reports that apple cut orders from its suppliers for the iphone, sparking selloffs.

meanwhile, crypto currencies are continuing to have a terrible month of november. the price of bitcoin has slumped to his lowest level in 13 months. tradingtal currency now significantly lower. at the end of 2017, we were talking about approaching 20,000. a big fall there. one of the best selling artists, taylor swift, has chosen a new record company. she announced she sun with the universal music group. the financial details were not disclosed but swift has attached some interesting conditions. she will own the master recordings of her albums and she told universal that if it sells a 3.5% stake in spotify, the profits must be shared with all artists on the label. that could be a big one for some.

that stake is estimated around 500 million euros. >> a nice gesture by her. the day's business news. time for the press review. taking a look at what is making headlines around the world. with oneoing to start of the top stories of the day, the arrest of carlos ghosn. how is the japanese media reacting to this? >> the news is sending shockwaves throughout the country. carlos ghosn was almost seen as a celebrity in this country. now we can see one of japan's has a headliners on carlos ghosn and on the story, it tells us the basic story, it tells us the basic facts, that he was arrested in tokyo on suspicion of underreported his earnings to

japanese tax authorities and using company money for his personal use. how is carlos ghosn perceived in japan? >> a larger-than-life figure and enjoy special status. ceos are not necessarily public figures. he is widely credited for almost single-handedly pulling renault and nissan out of bankruptcy. times the knowledge is he was praised for his hard work, work ethic, and drive. achievements at the helm of the country even inspired a manga, a japanese cartoon, about his career. we can see it here and this was in 2001. 2011, sorry. ghosn is also a controversial figure in japan, particularly with regard to his salary.

he was the best paid ceo for years, making three times as much in similar positions. he is also seen as an aggressive costiator who brought this business mentality to japan, which is not necessarily a good thing. if the allegations are true, this would further damage his reputation. >> in the u.s., it's been revealed the ivanka trump sent hundreds of government emails from her own personal account. >> a story that sounds familiar. the story was broken by the washington post yesterday. it revealed the ivanka trump used a personal email server for much of last year. many have noted the irony of the situation, after donald trump repeatedly attacked hillary clinton for doing basically the same thing. lawyers havemp's reacted to this, confirming it happened but say she did not know she was doing anything

wrong at the time. they were also quick to point out that she did not send any classified information in those emails. vanka could still be in trouble and found guilty of violating several laws, but that may not be all that bad, according to this cartoonist. he thinks the scandal could forre ivanka trump her next line of clothing. a warning that natural disasters are likely to happen simultaneously in the future. >> it is already happening if you look at florida, which experienced droughts, heat waves, as well as a category four storm in recent months. the same way with california, droughts, fires, and air quality. those are all simultaneous disasters.

this report was written by 23 authors who look at climate change and say previous studies tended to focus on one problem at a time, for example, drought. we are often missing the bigger picture. they warn if nothing is done, in some areas of the world, there could be up to six simultaneous disasters by the end of the century. in the author's own world, it will be like a terror movie that is real. >> you mention the california wildfires which are now officially the worst ever recorded wildfires in the history of the state. ,hile visiting an affected area president donald trump recently abilityfinland for its to deal with forest fires. what was that all about? strange one.t of a trump met with the finnish president about 10 days ago, and may something lost in translation. forhen praise the finns

spending time raking and cleaning the forest, implying they did not do that in california, and that was one of the reasons that the fires took place. the finnish president told reporters on sunday he never mentioned anything

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